What is Sentiment Protocol?
Sentiment is a decentralized lending protocol built on the Ethereum blockchain and Layer 2 networks, enabling users to lend and borrow digital assets without intermediaries. Utilizing smart contracts, it provides a fast and permissionless way for users to access liquidity.
The protocol recognizes various contributors within its ecosystem, creating a complex structure for production and distribution.
Its design accommodates multiple lending pools, each with distinct risk levels, allowing users to choose how they want to engage with the platform.
Sentiment Protocol airdrop Details
Sentiment has introduced a points program, which may set the stage for a future airdrop. Points will be given out weekly, starting with a limit of 1,000,000 points each week. The system encourages long-term participation in the protocol.
Initially, the distribution will favor lenders in Sentiment Super Pools, suggesting that providing liquidity there is the most efficient way to earn points. Users are advised to keep checking for updates as various actions will have multipliers in the upcoming weeks, creating additional points-earning opportunities. A referral program is also available for users to earn extra points.
How to Participate in the Sentiment Points Program
- Visit the Sentiment website: Go to the official Sentiment Protocol website to access the service.
- Connect your wallet: Press the “Connect Wallet” button and choose your Ethereum wallet (like MetaMask or WalletConnect).
- Fund your wallet: Ensure your wallet has HYPE or any other assets you plan to lend. If needed, purchase assets from Binance.
- Navigate to the lending section: Locate the lending or Super Pools area on the platform.
- Choose a Super Pool: Check the available Super Pools and pick one that fits your risk preference and includes assets you wish to lend.
- Lend your assets: Enter the amount you want to lend, approve the transaction, and confirm it via your wallet.
- Monitor your points: Regularly check your points balance through the platform’s dashboard.
- Invite friends to earn additional points.
Frequently Asked Questions
How often are Sentiment points distributed?
Sentiment points are handed out weekly, with updates generally on the same day. Users are encouraged to check the platform to track their points.
Is there a cap on the number of points distributed?
Yes, there is an initial limit of 1,000,000 points per week, which may change based on user engagement and protocol development.
Will all points-earning activities carry the same weight?
No, initially, points will primarily benefit lenders in Sentiment Super Pools. There will also be multipliers for different actions soon, indicating that some activities will be more effective for earning points.
When will the referral program launch?
The referral program is currently operational.
Conclusion
The Sentiment Protocol points program offers users a chance to engage with a decentralized lending platform while potentially earning rewards in the future. By following the provided guide and utilizing the outlined strategies, you can enhance your chances of accumulating valuable points.
If you’re interested in more projects that currently lack tokens but might airdrop governance tokens to early users, check out our list of potential retroactive airdrops to ensure you don’t miss the next DeFi airdrop!
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